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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2240 Grandview Blvd Waukesha, WI 53188-1682

    • Office buildings
    • 5,640 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2025
    $650,000
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0185808
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Comstar LLC / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Media Dynamics, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • App Development Wisconsin / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Shannon Rose Photography LLC / (Bike/Boat/Book/etc) Store / Photography Service
    • Grand Pointe / Apartment Building

    Property Details for 2240 Grandview Blvd

    Year built
    1997
    Lot size
    0.49 lot acres
    Property size
    5,640 SF
    Zone code
    B-5
    Property type
    Office buildings
    APN
    WAKC0975326
    APU
    WAKC0975326

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $580,000
      ML approach
      $580,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2563
    Latitude
    43.0336
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,087
    $112,100
    $354,600
    $466,700
    -
    $0.00
    $0.00
    $483,177

    Comparable in this City

    • Value Estimation by Request
      600 SF

      536 Northview Rd

      OFFICE BUILDING • 600 SF
      536 Northview Rd, Waukesha, WI 53188-6909
      View Details
    • Value Estimation
      $7,640,000
      34,696 SF

      2717 Grandview Blvd

      OFFICE BUILDING • 34,696 SF
      2717 Grandview Blvd, Waukesha, WI 53188-1672
      View Details
    • Value Estimation
      $3,535,000
      4,000 SF

      1801 Pewaukee Rd

      OFFICE BUILDING • 4,000 SF
      1801 Pewaukee Rd, Waukesha, WI 53188-2426
      View Details
    • Value Estimation
      $2,850,000
      38,971 SF

      2120 Pewaukee Rd

      OFFICE BUILDING • 38,971 SF
      2120 Pewaukee Rd, Waukesha, WI 53188-2491
      View Details
    • Value Estimation
      $1,335,000
      9,316 SF

      711 Moreland Blvd

      OFFICE BUILDING • 9,316 SF
      711 Moreland Blvd, Waukesha, WI 53188-2483
      View Details
    • Value Estimation
      $1,410,000
      10,377 SF

      414 Moreland Blvd

      OFFICE BUILDING • 10,377 SF
      414 Moreland Blvd, Waukesha, WI 53188-2441
      View Details

    Similar Nearby for Sale

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      Downtown Waukesha Former City Annex

      Former city annex building in downtown Waukesha for sale.
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      Modern office building in Waukesha, WI, with flexible floor plan.
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      Riverwood Dr

      Land • 3.00 Acres
      N19W24135 Riverwood Dr, Vernon, WI 53188
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    • $4,000,000
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      Waukesha Executive Office Building

      22,528 SF Office Space - $4M
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    • $174,900
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      Residential Land in Waukesha, WI

      Vacant land in a new home neighborhood with scenic views.
      Lt33 White Oak Way, Waukesha, WI 53188
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      Waukesha Vacant Residential Land

      Residential land in Waukesha's Skyline neighborhood, full exposure lot.
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    Similar Nearby for Lease

    • $19 SF/Yr
      1,757 SF

      Waukesha Office Space For Rent

      Class B office building in Waukesha, newer construction, great location.
      3228 Turnberry Oak Dr, Waukesha, WI 53188
      View Details
    • Contact for pricing
      158,500 SF

      RidgeView Office Center III: Premier Office Space

      Class A Waukesha office building, 158,500 sq ft available.
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      View Details
    • $17 SF/Yr
      2,675 SF

      Waukesha Office Space Available

      Office space available for lease in Waukesha, Wisconsin.
      2831 N Grandview Blvd, Waukesha, WI 53188
      View Details
    • $12 SF/Yr
      79,453 SF

      Silvernail Woods IV

      Medical offices • 79,453 SF
      2607 Grandview Blvd, Waukesha, WI 53188
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    • $19 SF/Yr
      20,263 SF

      Waukesha Office Space Available

      Class B Office, Ample Parking, Great Location
      3228 Turnberry Oak Dr, Waukesha, WI 53188
      View Details
    • $1,225,000
      925 SF

      Waukesha Office Space For Rent

      Office space near Waukesha County Courthouse and downtown area.
      707 W Moreland Blvd, Waukesha, WI 53188
      View Details
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    2240 Grandview Blvd
    Waukesha, WI 53188-1682
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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